Hundreds pack Gallo for economic lectures - Modesto Bee
How worried are you?
Are you worried about your job?
Are you worried about your employer?
Are you worried about your bank?
Are you worried about your 401(k)?
Are you worried about your real estate's value?
That was how Jason Gordo of Valley Wealth Inc., a Modesto financial planning firm, started his presentation at two free lectures held last week about "The Economy: This Time It Is Different."
Gordo didn't have to wait for the crowd's reaction to each question to gauge how worried people are. That was evident by the more than 700 people who came out on a rainy Thursday night to hear the lectures.
People packed the two sessions held at the Gallo Center for the Arts in downtown Modesto organized by Gordo and partner Jeff Burrow. They were joined by Michael Zagaris, president and chief executive officer of PMZ Real Estate; Stephen Mort, CEO of Don's Mobile Glass; and Brian Hogan, a regional president of U.S. Bank.
What people were hoping to get from these speakers were answers. Here are just a few of the key points they made:
Zillow recently published its Q4 2008 Real Estate Market Reports which shows that American homeowners collectively saw $3.3 trillion erased from the value of their real estate in 2008. Those type of numbers aren’t good for anyone let alone the reverse mortgage industry.